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Deal expands CEVA footprint
CMA CGM has agreed to acquire FedEx Supply Chain from FedEx Corp in a $1.4 billion enterprise value deal that would nearly triple CEVA Logistics’ North American contract logistics operations.
The transaction is expected to close in 2026, subject to regulatory approvals. FedEx Supply Chain brings nearly 10,000 employees into CEVA’s network, adding scale in warehousing, fulfilment and returns across the United States.
Once completed, the combined North American operation would include about 150 warehouses. CEVA’s wider regional footprint would rise to more than 240 locations and around 20,000 employees. For shippers, the move adds another large integrated logistics platform at a time when supply chains are being redesigned around resilience, visibility and cost control.
Ocean and air agreements add strategic layer
The deal is not only about warehouses. CMA CGM and FedEx also expect to enter multi year commercial agreements covering ocean and air freight. CMA CGM would become a preferred ocean carrier for FedEx under a non exclusive arrangement, while the two companies also plan to cooperate on selected air cargo capacity.
For FedEx, the structure supports a sharper focus on core delivery and higher value verticals. For CMA CGM, it adds cargo relationships and inland logistics density to its ocean shipping base.
FedEx narrows its portfolio
FedEx said the sale would allow it to focus more closely on sectors including healthcare, automotive, aerospace and data centers. The company has been streamlining its portfolio, with Reuters noting the transaction follows FedEx’s broader shift toward its core delivery business.
Raj Subramaniam, FedEx president and CEO, said the announcement supports FedEx’s long term vision and allows the group to continue delivering connectivity, reliability and value to customers globally.
CMA CGM deepens US logistics investment
Rodolphe Saadé, chairman and CEO of CMA CGM Group, said the acquisition and partnership mark a major step in CEVA’s development in North America and strengthen the group’s ability to provide integrated supply chain solutions.
The acquisition also fits CMA CGM’s wider US investment strategy. AP reported that CMA CGM pledged in 2025 to invest $20 billion in US warehousing, air cargo and logistics over four years.
Like adding more sorting lanes to a busy terminal gate, the FedEx Supply Chain deal gives CEVA more physical capacity where many customers need it most: close to consumption markets, e commerce flows and industrial distribution points.
Advisers named as closing moves to 2026
Morgan Stanley and Messier & Associés are advising CMA CGM, with Cleary Gottlieb acting as legal counsel. JPMorgan is advising FedEx, while Baker McKenzie is acting as legal counsel to FedEx.
The ocean and air commercial agreements are expected to begin in phases between 2026 and 2028.
